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Is it common to pay a goodfaith deposit before signing a tenancy agreement? I recently viewed a HDB room to rent and I mentioned to the agent that I wanted to move forward and see the contract. The agent said that I have to pay a good faith deposit before being able to read the contract. Is this fair? Why do I have to pay the deposit before even reading the contract?

To add on, I have not met this agent in person because she claims she is overseas. I have checked her credentials on the CEA website, and they are valid.

Any help is appreciated. Thanks in advance!
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3 Answers

I dont think it is fair to request for good faith deposit before reading the contract. It seems that it is not done in good faith despite asking for good faith deposit. While it is normal to pay good faith deposit to secure a unit before signing the agreement, such requests to run through the agreements are common and I will gladly accommodate so everyone will be comfortable with moving forward. Read More
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Hi, usually goodfaith deposits are paid and the agent should be able to provide you with a contract to run through.

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